Alibaba Group and Tencent Holdings are preparing to cut tens of thousands of jobs combined this year in one of their biggest layoff rounds, sources said.
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Chinese technology stocks slid for a third session on Tuesday amid concerns over Beijing’s ties with Russia and a persistent regulatory overhang.
Ethiopian Airlines Group will ramp up investment in cargo services and infrastructure and is looking to become a logistics hub for Africa’s growing e-commerce market.
The extent of the Chinese tech stocks’ underperformance when compared to the US is astounding. By Anchor Capital’s Seleho Tsatsi.
Omicron has breached the political, financial and technology centres of China for the first time, raising concerns about global supply chains.
Several companies that have been ordered to pay a total of C¥21.5-million in fines by China’s competition watchdog.
This was supposed to be Jack Ma’s finest hour. Instead Beijing reined in his empire, abruptly clipping the wings of corporate China’s biggest star.
China’s biggest Internet companies, their shares beaten down by government regulation this year, have a new catalyst to lure buyers: semiconductors.
Tencent has unveiled its first chips, showcasing a year-long foray into silicon design as the Chinese tech giant seeks to grow beyond digital entertainment.
China will continue its scrutiny of the Internet sector, its industry minister said in an interview published on Sunday.